Why did SoFi's stock fall after announcing a share offering?

SoFi's stock fell because a planned share sale can dilute the value of existing stakes held by investors.

What will SoFi use the $1.5 billion stock offering proceeds for?

The proceeds are designated for general corporate purposes, including enhancing capital position and funding growth.

How has SoFi's stock performed in 2025?

SoFi's stock has seen substantial growth in 2025, with its market cap nearly doubling and stock price rising significantly.

Home / Business and Economy / SoFi Stock Dives on $1.5B Share Offering

SoFi Stock Dives on $1.5B Share Offering

5 Dec

•

Summary

SoFi shares dropped nearly 6% in extended trading after a $1.5 billion stock offering.
Proceeds will fund general corporate purposes and incremental growth opportunities.
The offering follows significant stock gains, with its market cap nearly doubling this year.

SoFi Stock Dives on $1.5B Share Offering

SoFi's stock price saw a significant dip of almost 6% in extended trading on Thursday, reacting to the company's announcement of a $1.5 billion stock offering.

The fintech firm, known for its online loans and banking services, indicated that the capital raised will support general corporate objectives. These include strengthening its financial standing, improving capital management, and funding new business initiatives and growth opportunities.

This stock sale occurs amidst a period of remarkable growth for SoFi, whose market capitalization has nearly doubled throughout 2025, and its stock price has more than sixfold since the close of 2022. Historically, planned share sales can lead to a decrease in stock value due to stake dilution for existing shareholders.